Investigations Could Expose European Energy Policy Divisions

As part of a long and politically charged investigation into European gas and electricity markets, officials from the EU have raided the offices of leading utilities in Germany, France, Belgium, Italy, Austria and Hungary. Senior European ministers, lead by EU Competition Commissioner Neelie Kroes, are concerned that domestic electricity prices are being inflated by a lack of competition in the market caused by certain alleged monopolistic practices. The titans of the European utility market, such as Germany's E.ON, French group Gaz de France (GdF) and Italy's Eni, certainly have the market share to indulge in restrictive market practices if they

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